Defined contribution (DC) drawdown providers will have to offer non-advised consumers investment pathways from August 2020, the Financial Conduct Authority (FCA) has said.
In the final rules and guidance for its Retirement Outcomes Review released this morning (30 July), the FCA said that consumers entering drawdown, or transferring assets already in drawdown to a new provider,...
Consumer complaints against firms for misadvised DB transfers also rising
Changed in November last year
The question is: what is the right thing to do?
Admits past failings
From new attitudes to life, to how they approach investing, the wealth outlook is different for baby boomers, millennials and generation Z. Professional Adviser investigates how this may impact their retirement.
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas